MT Magazine January/February 2022

SUPPLY CHAIN ISSUE

MANUFACTURING MATTERS

10

Reshoring Creates Opportunities for AMT Members Abroad Every industrialized country is in the process of reshoring and nearshoring their manufacturing base to minimize future dependence on foreign suppliers. This translates into billions of investment dollars in new factories, expansions, upgrades, and vertical integrations – creating vast opportunities for AMT members to sell (export) their manufacturing technology. Since April 2020, AMT has been publishing a weekly series titled “International News From the Field,” which is a curation of specific, actionable global sales opportunities from our international staff. Keep up on these prospects and review some 75 articles by clicking on “International” at AMTonline.org. INTERNATIONAL

ADVOCACY

Midterm Elections Will Dominate the Agenda Campaigning for the midterm elections will distract from the legislative agenda in 2022. All 435 seats in the House of Representatives and one-third in the Senate will be on the ballot this November. At stake for the Biden administration are the razor-thin Democratic majorities in both chambers. Most election forecasters predict Republicans will win control of the House and Senate. AMT’s 2022 policy priorities include extending 100% bonus depreciation, which begins phasing out in 2023 until it expires in 2026. We are also working with government agencies and business coalitions to reduce the mounting compliance and cost burdens of new rules and regulations in areas including toxic chemicals, labor, trade, and ESG. Finally, we continue to support initiatives that increase technology and R&D investment in manufacturing technology, build a manufacturing Smartforce, ease supply chain disruptions, and expand global and domestic market opportunities for the industry.

June 7-9, 2022 Pittsburgh, PA

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